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A lot of smoke and shade you're throwing at this stock.
I see a $4M per year company that is coming out of a bad period and highly undervalued market cap. Also, you say you will wait for a R/S? They have 10M A/S and only 3M O/S...what would drive a R/S? CEO already said that would not be needed in the foreseeable future..so again you're calling him a liar seems like. Unless you're talking about a R/S in 2023 or later..not sure what you're talking about.
You can also plan on chasing this if you're wrong but then again thats the nature of the otc. Its a gamblers exchange. Btw since you believe dilution will continue unabated, then you must also believe the ceo is a liar. Just sayin
$.10 would be like $300M Market cap on 3BN shares
I'm not nearly as ambitious with this..just $.01-.02 is all I'm hoping for...if more..will be icing on the cake
Not sure about that...but easly 2-3X what it is now
Not unusual in the OTC. They just went through a major acquisition so let's cut them some slack here.
Agreed. This is NOT a P&D. This is a real business and will rise or fall on results from operations and future debt management. CEO said dilution will end soon while at the same time saying goal is to improve the balance sheet over time....I take that to mean that dilution will not be the primary tool going forward to fund this business or restructure debt.
Problem is volumes are simply too low here to move the price and MM's can easily manipulate low volume tickers. A combination of low volume, lack of interest from investors (CEO needs to help us there and not just with good financials) and MM's doing what they do ..has kept us in this range for awhile now
I wasn't an investor when that 1BN dilution happened and that's now in the past; nothing can be done ...sorry for those that were invested here back then and have 90% loss position..perhaps you should be or have been avging down since the current price is at nearly ridiculous levels for a near $4M per year revenue Healthcare provider. I personally continue to avg down and add when I can. CEO said dilution has slowed and will end soon...gotta hang my hat on that and not what happened in the past. This will be at some point back to $.01 or higher IMO
Because no one wants to sell that low. Easy answer.
Put in your bid and see if it gets filled if you doubt it.
They only have to Sept 28 before OTC shuts them down for being defunct not reporting ticker. So we only have to wait that long to find the answer one way or another.
There's been some recent dilution of 86 Million shares based on the OTC page for this ticker. The CEO never said dilution had ended ..he said it has slowed and will end soon in his FAQ.
86 million shares in the grand scheme of things is nothing for a 2.9BN share company. Problem we have here is simply lack of volume and until that changes..you're not likely see much motion up or down here.
And those worried about convertible warrants..I would say we don't know how the capital structure of the company will change once you have positive cashflow to re-negotiate financing with debtors. CEO said they are working towards improving the balance sheet while at the same time saying dilution would be ending soon...so to me that means re-structuring debt and not through dilution. But hey..everyone needs to make their own decision here. If you believe that $7M Market Cap is all this company is worth...then don't invest.
CEO said dilution has slowed and will be ending soon in his FAQ
86M vs 1.5BN is only about 6% of that total..perhaps signs that this is happening....slower dilution with higher revenues from operations is what we need to get this pps up
I'm with you on that...not sure I want to take this past $.01 either. Depends really on how the financials start to round out now with the new facility and the debt levels, but in the OTC it's never good to be too greedy
$.01 fine with me too..only not as an entry point here.
Point is if you wait for all debt issues to be resolved before getting in..don't expect to buy in the 2s like it is now
At .01 or more perhaps. Rather get in on the ground floor now
Even so, it's still undervalued by 2-3X right now assuming $4M per year revenues and forgetting about any future growth potential beyond the 52 beds
Hiding something possibly. Can't figure why otherwise
Wow..two ticks up...MM's slipping here folks.
They must have been asleep at the wheel or running low on shares
Let me put it this way..if this stock never again hits a penny (at least)..I'll probably retire from the OTC for good...I mean how much of a no-brainer is this one vs the shtt that's out there in the OTC (hopefully many of those tickers to be decommissioned soon to prevent more fools from investing in them)
I hear what you are saying..but on the other hand..let me play devil's advocate here. Vaccines like any other medical treatments are not a one size fits all solution like the government is pushing. Depends on your risk levels for the disease. Clearly anyone under 40 it's a choice point and should not be mandated to them by any means..that's based on what we know (science) about how the virus attacks and hurts mostly those over 40. And also anyone under 21..it's criminal in my mind to force those people to get vaccinated..remember this vaccine is NOT FDA approved..only emergency approval was given and that means we DO NOT KNOW the longer term side effects of being vaccinated will be at this point. Anyone who ignores this risk is just fooling themselves. Younger people especially with strong immune systems should not be forced to take a vaccine which may have serious side effects to avoid what is for them a very mild to asymptomatic disease.
So in conclusions..everyone needs to weigh their risk of getting sick vs the possible side effects (short and long term) of these vaccines which are not entirely known...and make a personal decision for themselves (consult with their doctor of course). Unfortunately it's not a no-brainer decision
Great question. I always tend to stay put until I've realized a price target I had to begin with regardless of MM's manipulations, but it's tempting to sell and buy back lower...however, once I have a position I like it's hard for me to decide to sell prematurely hoping to get in in lower but not really knowing if that opportunity will arise again..too risky with a fast moving stock, but this one hasn't really shown yet it moves that quickly since I've been in it.
Till when does this company have to make Current before OTC shuts this ticker down...? I thought it was in September time frame...but not sure when.
25 grand traded today...no way we can keep manipulators at bay with that kind of volume. Will need to wait until financials are out here and hope that revenue #s start hitting at the expected level to have movement. When it comes to PPS movement this stock behaves more like a NASDQ than OTC stock..moving only when there is concrete news about financials or other key operational developments and seemingly not much with pie in the sky PRs or CEO chatter (like P&Ds do)
Makes me wanna go out and buy more...my paltry stash of 40 Million doesn't add up to his/her's..LOL!
But who is filling him? Nobody should be selling @24 IMO.
Who would be stupid to short a stock where market cap is 1.4x revenues
Nice Plan. I think I will follow that and clear a cool $1.3M..
He might be patient...but bidding 15M@ 24 when total volume has been only 6M today..is not going to fly. If he really wants to get filled move it up and hit the ask man...otherwise just keep waiting for the beer money crowd to sell at that price point if they can
CEO said dilution slowing and will end soon...in the FAQ.
So next topic please
Whale @ 24 gone...ha!...he got tired of waiting. LEt's keep this little rally here going.
Folks willing to settle for the lowest common denominator here @24.
Feel like I almost need to buy this company out sometimes just to get it to move a few ticks..LOL!
Fk the whale @ 24...hit the ask at 26 and let's push this into the 3s today
Slapped the ask for 1 million more. Market cap should be 3x what is now
Correct..I have same volume closer to the 950K #.
Agree 100%...no way market cap today reflects reality here. Unless the revenues are ZERO or close to that number and this CEO 's been lying about that..no way this market cap is valued properly @ just $6-7M
I just hit the ask for 100K more shares at 25...let's fk this whale over a bit more this morning and push this PPS up....comon folks buy up now ..it's X-mas in August
Bottom line folks. This CEO and his family own a shtt load of this stock and don't think they are going to be very happy for long with the market cap being where it is. I'm betting that they want to make money like the rest of us do on their investment. Patience here will pay off
FK the mystery bidder and those who are selling to him/her.
That's the reason this shtt hasn't moved..too many people willing to settle for beer money profits here and the MMs doing what they do.
If you mean #s in line with $1.8M for six months run rate...then somehow this stock is getting valued at little over 1X annual revenues which is ridiculous..so I don't buy that argument.
That's just around the corner..I would expect this stock to start ticking upward in anticipation of some good news which we should have given expanded operations now